Relay, a London-based provider of a tech-enabled delivery network for e-commerce, has announced that it has raised $10M in Seed funding. The round was led by Project A Ventures and Prologis Ventures. With this latest investment, Relay plans to expand its operations and increase its business reach. Founded in 2022 by Jonathan Jenssen and Nicole Mazza, Relay has quickly emerged as a leading player in the delivery network space, empowering businesses to enhance and scale their e-commerce operations.
Relay offers an end-to-end parcel delivery service that covers every step of the process, from the first mile to the last.
This includes transporting products from e-commerce retailers' warehouses to consumers' doorsteps. The company has built a network of hyper-local partners, including urban pitstops and couriers, enabling it to efficiently and sustainably deliver parcels. By eliminating the need for traditional logistics overheads like suburban depots and sorting centers, Relay is able to offer quicker and more cost-effective delivery services.
Relay's delivery service is currently available in London and the company has ambitious plans to expand across the UK in the next year. In its first year of operation, the company has already formed partnerships with several industry leaders, including JD Group and THG. With these strong partnerships in place, Relay is well-positioned to solidify its position as a key player in the e-commerce delivery market and drive further growth in the coming years.